GSA Capital Partners LLP Makes New Investment in Smart Sand $SND

GSA Capital Partners LLP purchased a new stake in Smart Sand (NASDAQ:SND) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 131,492 shares of the company’s stock, valued at approximately $659,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its position in Smart Sand by 59.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 798,823 shares of the company’s stock worth $4,090,000 after acquiring an additional 298,017 shares during the period. Dimensional Fund Advisors LP increased its stake in Smart Sand by 25.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 798,809 shares of the company’s stock valued at $4,090,000 after buying an additional 162,823 shares during the period. Sei Investments Co. raised its position in Smart Sand by 78.5% during the 1st quarter. Sei Investments Co. now owns 332,535 shares of the company’s stock worth $1,703,000 after buying an additional 146,201 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Smart Sand during the 1st quarter worth $26,000. Finally, Bank of America Corp DE lifted its stake in shares of Smart Sand by 52.3% in the 1st quarter. Bank of America Corp DE now owns 202,813 shares of the company’s stock worth $1,038,000 after acquiring an additional 69,610 shares during the period. Hedge funds and other institutional investors own 35.21% of the company’s stock.

Smart Sand Price Performance

SND stock opened at $4.85 on Friday. The firm has a 50 day moving average of $4.74 and a 200-day moving average of $4.83. The company has a market cap of $205.64 million, a price-to-earnings ratio of 18.65 and a beta of 0.30. The company has a current ratio of 1.69, a quick ratio of 1.11 and a debt-to-equity ratio of 0.04. Smart Sand has a 12-month low of $1.88 and a 12-month high of $5.92.

Smart Sand (NASDAQ:SND) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.25 earnings per share for the quarter. Smart Sand had a return on equity of 4.41% and a net margin of 2.71%.The business had revenue of $115.05 million for the quarter.

Smart Sand Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, August 12th. Shareholders of record on Tuesday, July 28th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, July 28th.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SND. Wall Street Zen raised shares of Smart Sand from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Weiss Ratings raised shares of Smart Sand from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Insider Buying and Selling at Smart Sand

In other news, CFO Lee E. Beckelman sold 50,000 shares of Smart Sand stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $4.79, for a total transaction of $239,500.00. Following the completion of the transaction, the chief financial officer owned 721,845 shares of the company’s stock, valued at $3,457,637.55. The trade was a 6.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider James Douglas Young sold 11,669 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $4.84, for a total transaction of $56,477.96. Following the completion of the sale, the insider owned 344,958 shares in the company, valued at $1,669,596.72. This represents a 3.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 91,844 shares of company stock valued at $446,544. Insiders own 33.50% of the company’s stock.

About Smart Sand

Smart Sand, Inc (NASDAQ:SND) is a U.S.-based industrial mineral company specializing in the mining, processing and distribution of high-purity silica sand. The company’s primary business centers on the production of frac sand for the oil and gas industry, as well as specialty sand products for foundry, glass and construction applications. Through an integrated network of mines, processing plants and trans-load facilities, Smart Sand delivers precision-engineered sand solutions designed to meet stringent performance and purity requirements.

Smart Sand’s operations include flagship mining and processing facilities in Wisconsin, which supply Northern White silica sand, and production sites in Texas, strategically located to serve major U.S.